85 Commodore Drive, Surfers Paradise sold for $6.25m.
A block of land with a partially built house has sold under the hammer in a $6.25m mega deal.
The 1013sq m lot is at 85 Commodore Drive, Surfers Paradise, one of the most popular and expensive streets on the Gold Coast.
The deal was handled by Ray White Main Beach agents Robbie Graham and Michael Willems.
Commodore Drive is one of the most expensive streets in Queensland.
Render of what could be built at 85 Commodore Drive, Surfers Paradise.
Mr Graham said the seller, who paid $6m in 2022, decided against building the Jared Poole designed home he had drawn up for the riverfront block.
“The seller did the basement and then he decided that he wanted to buy a house that was already complete in Paradise Waters,” Mr Graham said.
“He’s decided to let someone else finish the build.”
MORE: Rock star vibes: ‘Bold, luxurious, and unapologetically different’
Death of old money: Young richlisters drive luxury surge
The property overlooks Surfers Paradise, Main Beach, Southport and the Broadwater.
85 Commodore Drive, Surfers Paradise enjoys wide river views.
Property records reveal the block had been on the market since September, 2024.
“It’s a great result for a property that has been on the market with quite a few agents,” Mr Graham said.
Four bidders lined up for the property with a local buyer triumphant in the end.
“This is a clear sign that the top end main river luxury marketplace is continuing to remain strong.
“It is also a huge boost of confidence that not one buyer but multiple buyers were bidding on the property and were comfortable moving forward with the build.
“This property is the last free north-facing main river block on Paradise Waters.”
Aerial view of 85 Commodore Drive, Surfers Paradise.
Mr Graham said he was looking forward to seeing the finished product.
“It will be spectacular home once it’s finished,” he said.
“It took someone with vision and confidence to buy it and see what could be created.”
The highest recorded sale on Commodore Drive was No. 91, which sold for $19.3m in 2023.
PropTrack data shows the median house price in Surfers Paradise is $4m, up 33.3 per cent.
English (US) · 